Word: bankings
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Paul Volcker, the former Fed chairman, and Mervyn King, the governor of the Bank of England, agree that governments should mandate separation between commercial and investment banks. Volcker argues that President Obama’s “regulate the giants” approach is insufficient, since the market changes faster than regulators can keep up with it. Under Volcker’s plan, commercial banks and investment banks would still be free to flourish—just as separate companies...
...administration heard the message and brainstormed ways to effectively incorporate student concerns starting in May. When the UC asked Dean Hammonds to create a feedback system modeled off an online Idea Bank at MIT, she immediately found a way to develop a similar site for Harvard. The Idea Bank was created to guide the community discussion on the next round of budget reductions. The website launched in September and allowed all members of the Harvard community to include ideas on how to make Harvard more efficient. Not only could people submit recommendations, but they could also rate the quality...
...Idea Bank is an important step in the budget-cut process and one that should be further utilized. Dean Smith and Dean Hammonds responded to student complaints and created an online forum that is meant to guide and influence the recommendations of the working groups on Student Life and Education. Eight students serve on these committees, and as one of those representatives, I can testify how seriously the Idea Bank is taken every week in our discussions...
...percent of that figure. To bring back hot breakfast, something else will have to go, and students need to ask themselves what they are willing to sacrifice. If any member of the Harvard community is concerned about hot breakfast, House life, or college life in general, then the Idea Bank is the most effective way to have your voice heard...
Admittedly, there are still a number of ways that student input should be increased in College governance, and we have to take advantage to participate when the opportunities are there—such as the Idea Bank and working groups. Let’s stop focusing on scrambled eggs unless we are prepared to sacrifice something else in return...